Ajax Mortgage Calculator

?
Enter the amount that you are planning on paying for the property
Property Value
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
?
Enter the amount that you will pay upfront
toward the property to obtain a mortgage
Down Payment
?
CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
Mortgage Insurance
+
$19,000
$13,950
$11,900
$0.00
?
Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
Mortgage Required
=
$494,000
$463,950
$436,900
$400,000
?
Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
Amortization Period
?
Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
Select Province
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
Mortgage Type
?
Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
Mortgage Term
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Mortgage Rate
Select
Select
Select
Select
STEP 3
Select one of the mortgage
rates currently available
?
Please select how often you would like
to make your mortgage payments.
Payment Frequency
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
Mortgage Payment
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
Cash Needed
Down Payment
$25,000
$50,000
$75,000
$100,000
Mortgage Insurance PST
+
$1,520
$1,116
$952
$0
Lawyer Fee
+
$1,000
$1,000
$1,000
$1,000
Title Insurance
+
$500
$500
$500
$500
Land Transfer Tax
+
$6,475
$6,475
$6,475
$6,475
Total Cash Needed
=
$34,495
$59,091
$83,927
$107,975
First time home buyers in Ajax are eligible for a Land Transfer Tax rebate of up to $4,000

Contact Us

First Name
Last Name
Email
Phone
Message (Optional)
OR CALL
1.877.896.6727

Ajax Mortgage Calculator Examples

This Executive, Spacious, Incredible Cozy Home Located In The Highly Sought Ajax Neighbourhood Of Riverside. The Generous Upgraded Layout Offers Approximate. 3900 Square Feet Of Endless Options For Your Design Desires. Steps From Restaurants, Shopping, Public Transit, Schools, Golf Course And Much More! You'll Immediately Admire The Impressive Ceiling Height Upon Enter This 3 Grge, 5 Bedroom Home With Upgraded Hrdwd Flr. Throughout & Extra Large Master Bedroom With A 6-Piece Ensuite**** Extras **** Includes: Stainless Steel Fridge, Stove, Dishwasher, Washer & Dryer, Electronic Light Fixtures, Custom Curtains And Blinds, Garage Door Opener. New Roof 2016, New Driveway (Interlock) 2017. (Id:23934)
CALL1.877.896.6727
Property Price
$1,345,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$269,000
Best Mortgage Rate (%)
1.94%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$23,375
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$293,875
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$289,875
Monthly Payment
$4,525
Welcome To 40 Michaelman! This Beautiful 4 Bedroom, 4 Bthrm Freehold End-Unit Th Is The Perfect Place To Call Home! The Main Flr Showcases An Open Concept Design / With 9 Ft Ceilings, A Cozy Family Room, & An Eat-In Kitchen / With A Walk-Out To Your Private Backyard. The 2Nd Flr Features 4 Spacious Bdrms Including A Master Retreat / With A Large Walk-In Closet & En-Suite Bathroom. The Basement Is Fully Finished, Has Plenty Of Storage Space, Perfect For Family Movie Nights.**** Extras **** Stainless Steel Appliances. California Shutters. Located Just Minutes To 401, Go Transit, & Shopping. Walking Distance To The Lake. Carruthers Creek School District (Id:23934)
CALL1.877.896.6727
Property Price
$679,000
Minimum Down Payment (%)
6.32%
Minimum Down Payment ($)
$42,900
Best Mortgage Rate (%)
1.94%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,055
Mortgage Insurance PST
$2,036
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$56,491
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$52,491
Monthly Payment
$2,782
Wow! This Amazing 3 Bedroom+ 1 Study Nook Menkes Family Home In Highly Desirable Area In Northeast Ajax. Just Steps To Both Public & Catholic Schools! With Over 1800 Square Ft This Beautiful Layout Offers A Spacious Living / Dining , Family-Sized Eat-In Kitchen With Stainless Steel Appliances & Walkout To Deck With Fully Fenced Yard. A Meticulously Maintained And Beautifully Freshly Painted & Bright Open Concept! A Must See!**** Extras **** Stainless Steel Fridge,Stove, Built-In Dishwasher, Washer, Dryer, Elf's And Ceiling Fans, Central Vac Rough In. (Id:23934)
CALL1.877.896.6727
Property Price
$779,900
Minimum Down Payment (%)
6.79%
Minimum Down Payment ($)
$52,990
Best Mortgage Rate (%)
1.94%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$12,073
Mortgage Insurance PST
$2,326
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$68,889
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$64,889
Monthly Payment
$3,179
All Brick End Unit (Like A Semi) On Premium Walk Out Lot. Paint (2019). All Granite Counter Tops (2019). Pot Lights In Basement. Laminate Flooring Throughout 2Nd Floor. Finished Walk-Out Basement To Large Backyard. Kitchen With Great Room. Soaker Tub In Master Ensuite And Large Walk-In Closet. Laundry On Main Floor. Fully Fenced Yard.**** Extras **** Includes All Stainless Steel Appliances, Fridge, Stove, Dishwasher, Washer And Dryer. All Elf And Blinds. (Id:23934)
CALL1.877.896.6727
Property Price
$635,000
Minimum Down Payment (%)
6.06%
Minimum Down Payment ($)
$38,500
Best Mortgage Rate (%)
1.94%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,175
Mortgage Insurance PST
$1,909
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$51,084
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$47,084
Monthly Payment
$2,609
Beautifully Updated And Freshly Painted 3+1 Bedroom & 2 Bath Home In Sought After South Ajax! On A Unique Pie Shaped Lot Nearby The Ajax Waterfront Park, This Single Detached Home Features Hardwood Floors On Main Level, Open Concept Living / Dining Room Area, Walkout To Deck With Above Ground Pool & A Spacious Kitchen. Well Appointed Bedrooms, With Updated Bathrooms And Lots Of Storage Space, This Home Is Move In Ready In A Family Friendly Neighbourhood!**** Extras **** Stainless Steel Appliances; Fridge, Stove, Dishwasher, Built-In Microwave Range Hood, Front Loading Washer & Dryer, Backyard Shed, Central Vacuum, Garage Door Opener & Remote. All Window Coverings And All Electrical Light Fixtures. (Id:23934)
CALL1.877.896.6727
Property Price
$619,900
Minimum Down Payment (%)
5.97%
Minimum Down Payment ($)
$36,990
Best Mortgage Rate (%)
1.94%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,873
Mortgage Insurance PST
$1,865
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$49,228
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$45,228
Monthly Payment
$2,550

Mortgages In Ajax

Suburban life that exists outside the city of Toronto can easily be found in Ajax! At times confused with Pickering due to the two practically having no empty space between them, Ajax is a 'textbook suburbia' that encompasses golf courses, explorable conservation areas & parks (some with beaches), healthcare centres, abundant schools, amenities, and public transportation. The real estate opportunities here are at an all-time high (thanks to the growing economy), with various housing stock dwellings that can meet or exceed home buyers' expectations. A mortgage loan can be one financial solution for purchasing a new home here, and using an Ajax mortgage calculator can help. With new residential developments going up in the horizon, buyers will find that this city is more than a great investment, and using a mortgage calculator will help you to find out what your monthly payment would be on a specifically priced home. When a home listed on the MLS has your attention and you feel you are ready to move forward to approach a lender for a mortgage loan, make sure that you have taken stock of your finances, because you are about to dive into the mortgage market. Mortgage brokers are cunning & know this market well (a great ally to have in this crazily competitive sector).
Securing a mortgage loan for a home in Ajax is not going to be a problem when you have your finances in order (if you curiously used any other type of mortgage calculator, then you already know that lenders will dive deep into your financial history). Buying a home is not usually done on a whim, but some home buyers are not as prepared financially as they should be. Lenders look at credit history (did you manage to pay off any debts in a timely manner and in full), verifiable job/income tenure, is your down payment & closing costs saved or borrowed, do you possess assets, and so on. Sure, there are lenders out there that work with people for a mortgage loan that are not financially prepared or that have less-than-spotless credit ratings & debt, but these lenders will impose higher interest rates and additional fees to cover the higher risk. Mortgage loan lenders will not offer you the full scope of mortgage products if there is more risk involved, so if you had a hybrid mortgage on your mind as ideal for your finances (a split mortgage that uses both a variable rate mortgage and a fixed rate mortgage), you may be out of luck.